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105
Feb 6, 2013
02/13
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CSPAN2
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this was picked up by steve forbes in the 1990s. again, it didn't go anywhere. then david bradford came back. the tax was the flat tax with graduated rates. it has been published by bob cal advocating it. and if there's the fair tax, many favor that. then there is a very interesting plan, which would be a value-added tax, which would collect most of the revenue with a very high exemption level. very much like the original income tax that we had in 1913. so why do people advocate a consumption tax? some people say it promotes economic growth and competitiveness. this is a argument that talks about exports and imports come at least consumption tax, business tax variety, fairness issues and simplicity issues are often not refer to, but they were the ones who are actually stressed in the blueprint. the idea of fairness was that a consumption tax better measures income to pay over someone's lifetime, in contrast, income tax for people with the same present value of lifetime income and income tax discriminates against people who consume later in life and discriminate
this was picked up by steve forbes in the 1990s. again, it didn't go anywhere. then david bradford came back. the tax was the flat tax with graduated rates. it has been published by bob cal advocating it. and if there's the fair tax, many favor that. then there is a very interesting plan, which would be a value-added tax, which would collect most of the revenue with a very high exemption level. very much like the original income tax that we had in 1913. so why do people advocate a consumption...
77
77
Feb 7, 2013
02/13
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CSPAN2
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this idea was picked up by house majority leader dick army and by presidential candidate steve forbes in the 1990s. again, like all the other plans, it didn't go anywhere. david bradford came back, persuaded the original idea might not work with the proposal for the x tax, essentially, the flat tax with graduated rates, and that still popular. there's a recent book published by the american enterprise institute by allen and bob mccarol advocating that. that idea is still around also. there's also the so-called fair tax, a retail sales tax, house ways and means chairman in the 90s favored that, and there's a very interesting plan by michael, which would be a value added tax which would collect revenue, but michael would retain an income tax with a very high exemption level, very much like the original income tax that we had in 1913 or before world war ii i should say. why do people advocate consumption tax? some people say it promotes economic growth and competitiveness because you remove growth, removing the tax to return to savings to have stavings in investment. this is a debatable
this idea was picked up by house majority leader dick army and by presidential candidate steve forbes in the 1990s. again, like all the other plans, it didn't go anywhere. david bradford came back, persuaded the original idea might not work with the proposal for the x tax, essentially, the flat tax with graduated rates, and that still popular. there's a recent book published by the american enterprise institute by allen and bob mccarol advocating that. that idea is still around also. there's...
73
73
Feb 6, 2013
02/13
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CSPAN2
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eye 73
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steve stirling -- gene sperling -- gene steuerle, he's not on written about he has lived up to nearly three decades ago jim was one of the godfather's of what became the tax reform act of 1986. one of the key moment in history of the income tax. gene pools of richard b. fisher chair at the urban institute. eric toder has been intimately involved in the income tax both treasury and the irs. is currently at urban institute fellow and codirector of the urban brookings tax policy center. and, finally, nina olson is taxpayer advocate at the irs, represents those of us who pay taxes, and those of us who must battle against the growing complexity of the modern revenue code. is a week or so ago than once office released its latest report on the status of the tax code, describes in great candor the flaws in the current system and describes some things we can do about it. let's start with joe who gives a brief history of the income tax. and before he starts let me let you know that after we do our presentation, speak among ourselves, will give everybody an opportunity to ask questions. for thos
steve stirling -- gene sperling -- gene steuerle, he's not on written about he has lived up to nearly three decades ago jim was one of the godfather's of what became the tax reform act of 1986. one of the key moment in history of the income tax. gene pools of richard b. fisher chair at the urban institute. eric toder has been intimately involved in the income tax both treasury and the irs. is currently at urban institute fellow and codirector of the urban brookings tax policy center. and,...
181
181
Feb 5, 2013
02/13
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FOXNEWSW
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sorry, steve. here's what football legend joe namath, who would think would be happy about it, when i asked him. >> the players will handle it and the fans will handle it. they'll be out there, yes. let's just hope it's a mild day because what i know about the foul weather, it diminishes the expertise of the players, holding on to the ball, throwing the ball, kicking the ball. it takes away from their expertise a bit. >>brian: he's concerned for the fans because five hours will be sitting in the stadium. peyton manning considered an early favorite. super bowl officials knew there was a chance power could go out during the super bowl. we have a memo that reveals tests showed electrical feeders were decayed and there were concerns about power failure. meanwhile the nfl said it is a backup generator ready the entire time and were about to turn it on when the power came back. don't blame beyonce for the blackout. her half time show operated on its own power grid. it had water. it had smoke. it had flam
sorry, steve. here's what football legend joe namath, who would think would be happy about it, when i asked him. >> the players will handle it and the fans will handle it. they'll be out there, yes. let's just hope it's a mild day because what i know about the foul weather, it diminishes the expertise of the players, holding on to the ball, throwing the ball, kicking the ball. it takes away from their expertise a bit. >>brian: he's concerned for the fans because five hours will be...